Newsletter

Posted October 23, 2011 12:39 am

Around the World

TRIPOLI, Libya

Libya’s new leaders will declare liberation today, officials said, a move that will start the clock for elections after months of bloodshed that culminated in the death of longtime dictator Moammar Gadhafi.

But the victory has been clouded by questions over how Gadhafi was killed after images emerged showing he was found alive and taunted and beaten by his captors.

The long-awaited declaration of liberation will come more than two months after revolutionary forces swept into Tripoli and seized control of most of the oil-rich North African nation. It was stalled by fierce resistance by Gadhafi loyalists in his hometown of Sirte, Bani Walid and pockets in the south.

BRUSSELS

Big banks found themselves under pressure in Europe’s debt crisis Saturday, with finance chiefs pushing them to raise billions of euros in capital and accept huge losses on Greek bonds they hold.

The continent’s biggest financial institutions were at the center of talks as leaders entered marathon negotiations in Brussels, at the end of which they have promised to present a comprehensive plan to take Europe out of its crippling debt crisis.

In addition to new financing for Greece, leaders want to make the banking sector fit to sustain worsening market turmoil and turn their bailout fund into a strong safety net that will stop big economies like Italy and Spain from falling into the same debt trap that has already snapped Greece, Ireland and Portugal.

But before the final deadline on Wednesday, they have to overcome many obstacles.

On Saturday, the finance ministers of the 27-country European Union decided to force the bloc’s biggest banks to substantially increase their capital buffers — an important move to ensure that they are strong enough to withstand the panic that a steep cut to Greece’s debt could trigger on financial markets.

ATHENS, Greece

More than 200 international philosophers braved strikes and protests to come to Greece this month to debate matters of the mind.

Topics on the program included “The Limits of Abstraction: Finding Space for Novel Explanation” and “Partial Realism, Anti-realism and Deflationary Realism: Can History Settle the Argument?”

For the organizers, the event was a success, a sign that life goes on despite economic hardship and perceptions abroad that Greece is one step from anarchy.

It was also a victory for thinking at a time when the country’s debates are dominated by hoarse-voiced slogans. After all, Greece’s illustrious ancient thinkers built the foundations of Western scholarship, and their philosophy stands as an unquantifiable source of national wealth.

“Sometimes people think that the philosopher is up on Mount Olympus, thinking about abstract things,” said Stathis Psillos, a philosophy professor at the University of Athens. “We philosophers have somehow to stand up and say, ‘Look, OK, money and profit and the bailout are important. But there are people also.’”